Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Elgethun Capital Management

Elgethun Capital Management trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,896 shares of the semiconductor company’s stock after selling 322 shares during the quarter. Elgethun Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Taiwan Semiconductor Manufacturing by 30.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock valued at $144,071,000 after buying an additional 318,570 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 135 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Taiwan Semiconductor Manufacturing by 40.1% during the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after buying an additional 3,638 shares in the last quarter. Merit Financial Group LLC lifted its stake in Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after buying an additional 346 shares in the last quarter. Finally, Ergoteles LLC lifted its stake in Taiwan Semiconductor Manufacturing by 138.6% during the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after buying an additional 26,426 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the subject of a number of research analyst reports. Susquehanna reduced their price target on shares of Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Barclays initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 23rd. They issued an “overweight” rating and a $105.00 price target for the company. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

Check Out Our Latest Research Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded down $1.40 during midday trading on Tuesday, hitting $98.56. 2,327,297 shares of the company traded hands, compared to its average volume of 10,928,958. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $72.84 and a twelve month high of $110.69. The company has a quick ratio of 1.88, a current ratio of 2.15 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $90.37 and a 200-day simple moving average of $94.58. The stock has a market capitalization of $511.17 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last announced its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. The company had revenue of $17.28 billion for the quarter, compared to the consensus estimate of $16.90 billion. Taiwan Semiconductor Manufacturing had a return on equity of 28.28% and a net margin of 41.42%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5415 per share. The ex-dividend date of this dividend is Monday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.20%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 26.44%.

Taiwan Semiconductor Manufacturing Profile

(Free Report)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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